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In a world where air travel is becoming more frequent and affordable, Regulation (EC) no. 261/2004 of the European Parliament and of the Council of 11 February 2004 establishing common rules on compensation and assistance to passengers in the event of denied boarding and of cancellation or long delay of flights, and repealing Regulation (EEC) no. 295/91 („Regulation 261/2004”) ensures that the rights of passengers are respected in case of flight schedule incidents.

Read more: Litigation: The importance of the Court of Justice of the European Union Practice in Ensuring...

Law no. 129/2019 for the prevention and combating of money laundering and terrorism financing, and for the amendment and supplementation of certain legislative acts (“Law 129/2019”) requires Romanian companies subject to registration with the Romanian Trade Registry (with the exception of national companies and companies fully or majority owned by the State) to submit statements on their ultimate beneficial owners with the Romanian Trade Registry.

Read more: Romania: Corporate Statements Regarding Ultimate Beneficial Owner(s)

 

In November 2019, the newly-appointed Romanian government decided to operate certain operational changes.

Read more: Romanian Digitalization Agenda – the Government Takes One Step Forward by Setting up the Authority...

The way technology is used has changed significantly in the past decade and continues to change at a rapid pace, disrupting the way people interact both within the private and the public sector.

Read more: Digitalization, a High Priority for Europe’s Future – the European Commission Showcases its New...

“There haven’t been significant changes on the Romanian legal market,” says Alexandra Rimbu, Partner at MPR Partners⎮Maravela, Popescu & Roman in Bucharest. “Recent changes were rather small and had no overarching impact on the legal market – the structure remains unchanged.”

Read more: The Buzz in Romania with Alexandra Rimbu of MPR Partners ⎮Maravela, Popescu & Roman

The Romanian personal identification number (“cod numeric personal” in the Romanian language) is a unique and general identifier that is assigned to each individual at birth and appears on most personal documents, including birth certificates and identity cards. The number remains unchanged throughout an individual’s life.

Read more: GDPR Disruption of Common Business Practices - Processing Personal Identification Numbers in...

Romania's MPR Partners and the De Breij law firm in Amsterdam have advised Dutch company Nederlandse MKB Participatiemaatschappij on its acquisition of BusyMachines BV, a Dutch-Romanian software developer, which closed at the end of April 2019.

Read more: MPR Partners and De Breij Advise Nederlandse MKB on Acquisition of BusyMachines

Maravela, Popescu & Roman has advised wiper blade manufacturer Trico on the acquisition of the wiper systems business of Federal-Mogul Motorparts. Wolf Theiss advised Federal-Mogul on matters of Romanian law, acting with lead counsel Eversheds Sutherland.

Read more: MPR Partners Advises Trico on Acquisition of Wiper Systems Business from Federal Mogul

In The Corner Office we ask Senior and Managing Partners across Central and Eastern Europe about their unique roles and responsibilities. The question this time around: “What is the one skill, ability, or characteristic that fresh law school graduates in your country most commonly lack?”

Read more: The Corner Office: Commonly-Lacking Skills

This year marks Maravela | Asociatii’s fifth anniversary. To mark the occasion, we sat down with Maravela | Asociatii Partner Alina Popescu to learn more about the challenges the firm has overcome in its first five years, its successes, and its plans for the future.

Read more: Bending Reality and Scaling Up: Maravela | Asociatii’s First Five Years

Recent practice in the Romanian dispute resolution landscape has shown a rise in (i) litigation involving wrongful decisions concerning unpaid tax, lack of liquidities, and consequent lack of debt settlement, and (ii) cases of fraudulent acts linked to insolvent companies, mostly committed prior to the commencement of the insolvency proceedings.

Read more: Recent Developments in Romania’s Dispute Resolution Landscape: The Right to a Second Appeal

Maravela|Asociatii has assisted CEE chemicals producer Chimcomplex in the Romanian Competition Council's merger review procedure related to the company's takeover of Oltchim’s assets.

Read more: Maravela|Asociatii Assists Chimcomplex Obtain Approval for Takeover of Oltchim Assets
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MPR Partners | Maravela, Popescu & Roman

MPR Partners | Maravela, Popescu & Roman is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners | Maravela, Popescu & Roman covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Roman as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on MPR Partners | Maravela, Popescu & Roman can be found at www.mprpartners.com.

All News about MPR Partners | Maravela, Popescu & Roman can be found here.